Tax Incentives to Boost Start-Up Sector Approved

18:08 - 28 Ιουλίου 2016

The Cyprus government approved a package of tax incentives to boost the start-up sector and innovation in Cyprus, Undesecretary to the President Constantinos Petrides said on July 27.
The package includes a 50% tax exemption on investments in innovative and start-up companies, the Cyprus News Agency reports.
“The Council of Ministers has approved a significant package of tax incentives for innovative and start-up firms which we believe greatly assist the entrepreneurship and innovation in Cyprus,” Petrides said in statements following a meeting of the Council of Ministers.
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